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20121211
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Search Results 0 to 49 of about 71 (some duplicates have been removed)
PBS
Dec 11, 2012 1:00am PST
. >> no, i think would be a mistake to go over the fiscal cliff because it could set in motion lots of things that could be a drag on the economy. that being said, i think if it's clear that the parties were working toward a negotiation, that you could spill into january without doing any irreversible damage. >> one of the ideas that seems to now be on the table is this idea of moving to a more accurate measure of inflation and using that to adjust social security benefits and tax brackets. is that something you could support in. >> well, i have two concerns with that. one is the general issue about dealing with social security in the context of these deficit reduction talks. because social security is fully solvent until the year 2033. after that point it would pay 75 cents on the dollar. if you do nothing. so we should work to deal with the long-term full solvency issue of social security. and the sooner we do that, the better. but it should be dealt with on its own terms. >> second, the chain cpi has a very negative impact on seniors, especially as they get older and older, because of its compounding effect. and the third issue is a lot of economist s look at the cost-of-living of seniors. and they say it's actually hig
CBS
Dec 11, 2012 4:00am PST
, thank you very much. >>> to the fiscal cliff negotiations now. it is crunch time. with just three weeks before higher taxes and spending cuts kick in, negotiations are underway, but it's not known what if any progress is being made. speaking in michigan yesterday, the president said he's willing to compromise a little, but the gop wants to know specifics. danielle nottingham has more. >> reporter: president obama's campaign to steer clear of the fiscal cliff took him to a diesel engine plant outside detroit. >> congress doesn't act soon, meaning the next few weeks, starting on january 1, everybody's going to see their income taxes go up. >> reporter: private face-to-face talks were revived this weekend when house speaker john boehner went over to the white house. neither side is releasing details about the conversation, but taxes are still the big sticking point. >> i'm not going to have a situation where the wealthiest among us including folks like me get to keep all our tax breaks. >> reporter: republicans have adamantly opposed raising taxes, but now some are considering it if democr
FOX Business
Dec 10, 2012 10:00pm EST
on the fiscal cliff negotiations, or more appropately the iasse many our state governments aren't in much better shape. state pensionsystems, unfunded liabilities are now estimated to be in the range of $2.5 trillion to almt $4 trillion. leading is california witmore than $370 billion in unfunded pension liabilities, only 47% are currently fued. a pension debt per household in california of aost $30,000. illinois close behind, $167 billion in unfundedliabilities, 28% funded, and th state pension debt per household amounting to over $34,000. in municipal bonds illinois sold over $5illin bonds this year making it the third biggest debt issuer in the first tee arters this year. california and new york, numbers e and two with. the issue of unfunded pension liabilities with the passage of right-to-work laws is a subject that i'm going to be taking up with our next guest. -@mallory fctor, author of can the bestseller, "shadow boxes: government nioos control amera and rob taayers blind." we are delighted to have you with us. let's turn first, if i may, to the presiden telling autoworkers th
CNBC
Dec 11, 2012 4:00pm EST
, rise above d.c." >> well, the stock market riding the ups and doups of the fiscal cliff negotiations. roger altman is former treasury official under president clinton. he says he's optimistic that a deal is coming. the question, of course, is when. joining me from new york is roger altman. always nice to have you on the program. let welcome back. >> hi, how are you? >> you think a chance of getting a deal will increase and harry reid says he's pessimistic that had t will get done before christmas. what do you think? >> the financial markets themselves are becoming more optimistic, and i think that's a strong signal. second, i think the atmospherics, and senator reid's statement is just part of that, are suggesting that there's some movement and some progress, and thirdly, i'm particularly impressed with what the business community has been doing. it's really engaged and rolled its sleeves up and got involved in this. you might have seen the statement about an hour ago that the business roundtable released, and the business community wants a solution. they want a balanced solution and increa
MSNBC
Dec 11, 2012 2:00am PST
we'd be able to avoid a lot of the fiscal cliff. >> behind the scenes negotiations continue today. republicans say they're waiting for the president to outline more spending cuts. the three big issues, tax rates, entitlement reform, medicare and social security, and whether to raise the debt ceiling. we're about to hit it again, and america may need to borrow more. and on those issues at least for now on chilapitol hill, democra seem to think they have the upper hand. that's it for now. >> thanks so much. >>> last night he describes what he says is to use the debt creel as a pawn in the fiscal cliff negotiations. >> they see the handwriting on the wall and they're going to have to extend it, and if they don't the whole country will see they were willing to tank the entire economy and give everybody the tax break to give people at the top a bonus. where they're just dead wrong, ed, is thinking they're going to gain leverage over this debt ceiling because the american people are not going to stand for republicans turning right around and threatening to destroy the american economy b
CBS
Dec 11, 2012 4:30am PST
. >>> there have been no public comments in the past couple of days about the "fiscal cliff" negotiations which may be a good sign. house speaker john boehner the president are the only parties negotiating right now and no details have leaked out. today congressional democrats will hold a press conference to urge republicans to preserve medicaid funding in the final deal. republicans say cutting entitlement benefits is necessary to curb the country's deficit. >> social security, medicare and medicaid, it is not even on the table. that is our message. >> whoo! >> in 15 cities across california workers and community leaders have been rallying including here in san francisco. they are urging congress to save social safety net programs and increase taxes on the wealthy. >>> south carolina's governor may have closed the door on comedian steve colbert's senate dreams. colbert has been urging fans to pressure governor nickie hailey into picking him for the senate seat to replace jim demint who is retiring. a poll shows colbert is the favorite in the state but the governor has not committed on his come
CNBC
Dec 11, 2012 3:00pm EST
our special coverage. stocks rallying on the on the missile that perhaps we are nearing a fiscal cliff deal. coming up we'll, find out from key lawmakers in the fiscal cliff negotiations how we can actually get a deal done before the deadline. representative chris van hollen, lynn jenkins and javier becerra as well as sore orrin hatch with us. we'll hear from former treasury secretary altman and jeff greenfield. bill? >> stocks are trading off the highs of the day with less than an hour to go. final hour, really from the get-go. optimism about the cliff talks and senator harry reid made some comments this afternoon that put a damper on that real. we've lost about 30 points. in that time. up 74 on the dow at 13,244. the nasdaq is doing well today, up 32 points. more than a 1% gain, although it is off its highs of the day at 3019, and the s&p 500 index is 8 plus points at 1426. the word on the street is because of the fiscal cliff, some investors are actually selling the winners, the winning stocks, and they are holding on to the poor performers, the opposite what have they have been doing the last few years. maria? >> makes a lot of sense given the fact that tax les go hig
CNN
Dec 11, 2012 4:00am PST
break. still ahead, secrets surrounding the fiscal cliff negotiations in washington. no one is talking -- secrets. many say it's a sign of progress. others say it should be out in the open. jeff sessions will weigh in, that next. >>> this is not your typical shopper. how this well-dressed little monkey ended up in ikea. >> a monkey in a coat. >> nice jacket. looks like a shearling. back in a moment. so, this board gives me rates for progressive direct and other car insurance companies? yes. but you're progressive, and they're them. yes. but they're here. yes. are you...? there? yes. no. are you them? i'm me. but those rates are for... them. so them are here. yes! you want to run through it again? no, i'm good. you got it? yes. rates for us and them -- now that's progressive. call or click today. anyone have occasional constipation, diarrhea, gas, bloating? yeah. one phillips' colon health probiotic cap each day helps defend against these digestive issues with three strains of good bacteria. approved! [ female announcer ] live the regular life. phillips'. >>> good morning. welco
CNBC
Dec 11, 2012 12:00pm EST
washington holding lawmakers' feet to the fire on the fiscal cliff. it had been quite a busy morning. here's what we now know. we're expecting house speaker boehner to give us an update on the fiscal cliff negotiations at any minute. in have been sberp rating the previous silence from the administration and speaker's office as a good sign real progress was being made. from what we have heard from our guests so far this morning there's a general sense of optimism a deal will be reached. perhaps not in a forum that's widely expected. that optimism seemingly reflected in the markets. we are up more than 100 point ossen the dow. >> i'm maria bartiromo along with brian sullivan. representative patrick mchenry, republican from north carolina. good to have you on the program. thanks for joining us. let's talk about where we are. what would you say? where are we in terms of a deal? >> not as bad as last week and not as bad as the week before. not really in a great position to get things done. the president's more interested in campaigning around the country and telling people to send twitter messages to me on my twitter account. i haven't really seen much. we haven't seen much in the way of phone calls either.
CNBC
Dec 11, 2012 6:00am EST
in asia, closed mixed today. investors waiting to see what comes out of the fiscal cliff negotiations and in europe, a choppy start to the trading day. investors are waiting for the results of greece's bond buyback program occurs. joe has some of the big corporate news and this one is actually a global corporate story. >> hsbc. we're talking about paying $1.9 billion in the money lawnering lapses. a brirchb lender admitting to a breakdown of controls, in a statement announcing a deferred payment. yesterday standard chartered agreed to pay $27 million agreeing that it violates sanctions against iran and two other international companies. >> if you're an international bank and you prael without getting into this kind of trouble? >> no. >> can you actually operate without money laundering? >> i'm just saying, if you're going to be in business in all these types of markets, isn't this going to happen? >> aren't there sxwier countries that would be probably -- that it would stead if you don't want any business tale. >> was there a fascination in this country about whether you want to indict th
FOX News
Dec 11, 2012 8:00am PST
the fiscal cliff negotiations. whether or not we can read a little bit what he has to say where we're at in the negotiations of the maybe no ski trip to mars included in that. >> reporter: you doubt it. jenna: doug, thank you very much. we appreciate it. rick: the president's second term has not even started yet but some political pundits are already looking ahead to 2016. what they're saying about hillary clinton's chances four years from now. >>> rare december tornados slamming the southern u.s., leaving behind a trail of destruction, devastating communities. we'll take you to the hardest hit areas straight ahead. >> just heard a big bam. thought the world was coming to an end. >> it was real scary. everything was just flying around, just tossed around. >> the tornado just came, bouncing from house to house. rick: some extreme weather to tell you about out of central florida. a tornado tearing through the town of edgewater, damaging about 40 mobile homes in a community there. no serious injuries were reported but at least a dozen homes were destroyed. take a listen. >> he said
FOX News
Dec 10, 2012 10:00pm PST
election is over. he's a small guy. he's afraid of his own party. >> fiscal cliff negotiations proving once again that obama is never worried about trying to fix the problem. >> how about manning up here, mr. president. >> all he's trying to do is fix the blame. >> the president won. he wants to prove he can dominate. >> 15 auto workers fired are back on tle job tonight. >> hey, guys, hate to be a buzzkill, but shouldn't you guys be building cars? don't you guys work out at the chrysler factory? >> this right to work in michigan is a big deal. and michigan is about to become a right to work state, where you can't get a job without having to join a union. >> these so-called right to work laws don't have anything do with economics. they have everything to do with politics. >> michigan is ground zero for union activity. >> ♪ gangnam style >> this guy should have never been there. they realized he had done this in 2002 and 2004. apologies don't matter. he said we want american troops, their families, wives and kids, to die, die a painful death. you don't apologize for that. you're a bad
ABC
Dec 10, 2012 4:00pm PST
site through december 18th. >> there is some signs today prof gres in the fiscal cliff negotiations. the president still says he won't compromise on demands that the wealthyest americans pay more in tax autos he's not criticizing republicans, either. that is a possible indication that private tuck talk was republican leaders are going along okay. >> move on.org is hosting rallies and pushing for an end to those cuts. abc 7 news is at one of them right now. >> this rally supposed to begin at 4:00 this afternoon. they're slow getting started. there is a couple dozen people here this, he say they're expecting about 400 by later tonight. there were rallies like this around the bay area today in walnut creek and into oakland. outside of the social security administration office a crowd of 50 listened to speakers calling on congress to quote do the right thing. >> tax the super rich. protect the middle class. >> they added don't do anything to cut social security or#'6qp medicare or medicaid. >> i tell you, i'm going back to washington, d.c. tomorrow to continue to fight for this fight. and yo
FOX Business
Dec 11, 2012 3:00pm EST
appearance of some moves the fiscal cliff negotiations. what you see is what house speaker john boehner said he is hopeful a deal will be reached, but also added the g.o.p. wants the white house to provide details on spending cuts. but in the white house wants the same thing from the g.o.p. but either way that is good enough for the market. we took off and we stayed to the upside. so far neither side has been specific on spending cuts so coming up in just one hour o ony 4:00 p.m. eastern, former treasury secretary paul o'neill says he has easiest way to cut spending. fox business exclusive and in this our whole host of leaders in business talking about what specific they want to see. in terms of individual standouts. apple right now about 2% to the upside. some excitement over the iphone 5. how is this for a order in china. brenda marshall says china unicom has more than 300,000 people on the waiting list. nicole petallides with talk about this earlier, but that is enough to boost the stock. sales in china friday, can you imagine the lines? sec don't airlines is soaring. up near
KRON
Dec 10, 2012 8:00pm PST
say they are fed up with the fiscal cliff negotiations and want lawmakers to get their act together. close. in its history. to keep in mind: about 100 protesters held candles that a set of no more tax cuts for the rich and do not cut our benefits. they're asking congress to do the right thing by raising taxes on the top 2 percent. >> we need more revenue and david a. wonderful break for the last 10 years. now we it is time to share the sacrifice that the working people have been doing for all this time it. social security, medicare these are earned benefits, rights they should be a sacred trust. they should not be part of these negotiations right now. we should not be negotiation or compromise in people's futures this is time to step up for the 99%. it will ultimately be the best for the economy. >> people worry that a social security is cut it will not be able to make ends meet. >> without a social security i would be out on the street! >> reggie kumar, kron 4. >> the window to ship your guess so they arrive on time is beginning to close. shipping companies are getting bombarded, f
FOX Business
Dec 11, 2012 5:00pm EST
lasting gaviscon®. melissa: we have more breaking news on the fiscal cliff negotiations now. a senior white house aide confirms the obama administration is offering $1.4 trillion in revenue. you remember the previous offer by the white house was 1.6 trillion in revenue. so a little decline there but, no talk of spending right? we'll bring you more details as we have them. >>> the tragic death of dallas cowboys player is sparking debate how much control employers can imposed over their workers. over the weekend krou boys linebacker jerry brown was killed in a drunk driving accident with fellow teammate josh brent at the wheel. the cowboys are considering installing a device called safe-key in every player's car. it prevents cars from driving if the driver doesn't pass a visual hand-eye coordination test. the cowboys won't be the first organization to have rules. here at "money" we told you about it. ri health which fired 150 workers for not getting flu shots. the question is, are these kinds of rules fair to employees and are they even legal? here to figure this out is attorney
CNN
Dec 10, 2012 11:00pm PST
hill and might be part of the fiscal cliff negotiation but a question of how much more money saved by things like making packages happen on saturdays but not necessarily all mail delivery. tough negotiation realtime. >> now another thing to the fiscal cliff deal? a deal i'm pretty sure is pretty bad whatever it is. not enough. >> but every little bit helps and here's the point. you know, the post office defaulted twice in the last couple of months, erin. august, defaulted $5.5 billion the first time. congress did nothing, fiddled. happened in september. overall last year, they lost $15.9 billion. something's got to be done. do they kick the can to the next year? >> thanks so much, john. >>> talking about default, they default and nobody cares. some day we'll care and going to hurt. >>> next, 22 days if the fiscal cliff and the president's taking the plan on the road but a guest says mr. obama, you are overplaying your hand. >>> and a radio prank blamed for a suicide. the two deejays behind the hoax speak out for the first time. ♪ ♪ [ male announcer ] everyone deserves the gift of
CBS
Dec 11, 2012 5:00am PST
"fiscal cliff" negotiations could actually be a good sign that the negotiations are progressing. the house speaker john boehner, the president are the only parties negotiating right now. and no details have been released. today congressional democrats will hold a press conference to urge republicans to preserve medicaid funding in the final deal. republicans say cutting entitlements is necessary to curb the it uncountry's deficit. >>> northbound police are trying to figure out the motor -- new york police are trying to figure out the motive of a 2 p.m. afternoon murder yesterday. a 31-year-old man from los angeles was shot in the back of the head near central park. police say the gunman jumped into a waiting car and took off. >>> smoking marriage is now officially legal in colorado. -- smoking marijuana is officially legal in colorado. the governor declared the voter- approved amendment is now part of the state constitution. it allows anyone over 21 to possess up to an ounce of marijuana for recreational use or six plants. colorado still does not allow commercial sale of pot. state l
CBS
Dec 11, 2012 6:00am PST
offset wall street's worries about the "fiscal cliff" negotiations. the dow added 15 points while the nasdaq gained 9. with just three weeks left before higher taxes and deep cuts kick in negotiations are under way but it's not known what if any progress is being made. speak in michigan yesterday the president said he is willing to compromise a little. republicans have adamantly opposed raising taxes but now some are considering it if democrats will agree to social security and medicare changes. this week, the federal reserve is expected to announce a new bond buying program aimed at lower interest rates. if it works it might soften the blow if the nation does go over the "fiscal cliff" but fed chair ben bernanke says if a budget deal isn't reached, there is little the central bank can do to offset the shock of those spending increases and tax cuts. and holiday shopping is leading to more work. leading jobs placement firm says retailers added more than 465,000 seasonal workers last month. that's up 21% from a year ago. that's your moneywatch. for more, stay with cbsmoneywatch.com. in
CSPAN
Dec 11, 2012 1:00pm EST
return here on c-span. in the meantime while fiscal cliff negotiations continue, we hosted a roundtable discussion about the debt talks and domestic program cuts on this morning's "washington journal." can host: isabel sawhim and james capretta. mr. capretta, let me begin with you. are these sequester cuts devastating? guest: they would be deep cuts. 80% cut across the board is a very significant one-time cut for any program to sustain in the immediate year period. so they're not a good idea. would it be the end of the world? no. host: what do you mean by that? guest: there would be a downsizing of a lot of services across the government in terms of domestic accounts. so there would be fewer services being provided. there would be reduce in federal employees. some grant programs would take a haircut of 5%, 10%. so there would be some downsizing of the services that are provided by the federal government. but the economy would go on and the government would go on and the public would still continue to get by and large serviced. host: can agencies manage this? have they in the past? guest
CNBC
Dec 11, 2012 5:00pm EST
the after hours, it is interpreted as being a positive development in if fiscal cliff negotiations. >> and it was -- >> that's right. >> it was all day. at a point, you have to succumb to the reality that the people have information in hand, it's going to come to you after the fact. people get this stuff, it's a game of horse trading, as tim said. people are looking for resolution. the minute they get a whiff of it, this market is going higher. >> le whaf. >> i think that's right. it is a positive development. it is an indication they are inching towards a deal. but we have a long time to go before now and then and we might need a few more offers before we get there. nobody should think they are going to announce something tomorrow. as soon as i say they -- >> you'll get another leak. >> we are inching towards it here and at some point they're going to have a deal but this thing could blow up at any time, too. this is very tense stuff and a lot of people's political futures are riding on this. >> not to mention the country's. >> and that, too. >> eamon, thank you for the update. eamon jave
CNN
Dec 10, 2012 4:00pm PST
conversation i had with folks on the hill. this might, might be part of the fiscal cliff negotiation. it's a question of how much more money could be saved by making packages happen on saturday but not all mail delivery? it's a tough decision. >> and now you're adding something more to the fiscal cliff deal, a deal i'm pretty sure is going to be pretty bad. >> but every little bit helps. the post office defaulted twice in the last couple months, erin. august, defaulted $5.5 billion for the first time. congress did nothing. fiddled. now, same thing happened in september. overall last year, they lost $15.9 billion. something has got to be done. can they kick the can to next year or get a deal done before next year? >> sad, defaulting on billions of dollars and we all think nothing is going to happen. one day, america, something terrible is going to happen. out front next, 22 days away from the fiscal cliff, the president is taking his plan on the road. one of our guests says mr. obama is overplaying his hand. >>> and radio prank is blamed for a suicide. two deejays behind the host speak out
MSNBC
Dec 10, 2012 8:00pm PST
soon as the fiscal cliff negotiations are over. "the times" reports president obama wants a catch-all bill that would also bolster border security measures, ratchet up penalties for employers who hire illegal immigrants, and make it easier to bring in foreign workers under special visas. the white house will launch a social media campaign early next year. cabinet secretaries are preparing to make their case for how changes in immigration laws could benefit businesses, education, health care, and public safety. congressional committees could hold hearings on immigration legislation as soon as late january. with some republicans willing to come to the table and work towards a solution, the timing seems right for the cause. and it's the issue that just makes fiscal sense. as think progress points out, legalizing the 11 million unlimited immigrants in the united states could boost the nation's economy, tax revenues would definitely increase, and giving legal status to young educated immigrants would have a ripple effect, increasing wages and boosting employment. progressives are ready to
PBS
Dec 11, 2012 3:00pm PST
week in fiscal cliff negotiations. and late today mr. obama said the administration will recognize a coalition of syrian opposition groups. online, we look at a truly long- term reporting assignment. hari sreenivasan has more. >> sreenivasan: paul salopek is about to spend seven years tracing the ancient path of human migration around the globe. we talked about his route, the shoes he'll wear, and his emphasis on "slow journalism." and what's it like to have breast cancer in the poorest nation in the western hemisphere? that's next from our series with "pri's the world" on cancer in the developing world. all that and more is on our web site, newshour.pbs.org. ray? >> suarez: and that's the newshour for tonight. on wednesday, we'll look at the world in the year 2030. one intelligence report projects china will be on top economically, and the u.s. will be energy-independent. i'm ray suarez. >> woodruff: and i'm judy woodruff. we'll see you online, and again here tomorrow evening. thank you, and good night. major funding for the pbs newshour has been provided by: >> bnsf railway. and by
KRON
Dec 10, 2012 5:00pm PST
his tax plans.perhaps showing that fiscal cliff negotiations are showing progress. he says he will *not back down on his stance that the wealthiest americans should pay more in taxes. >> i'm not going to have a situation where the wealthiest among us including folks like me get to keep all our tax breaks and then we're asking students to pay higher >>pam: meanwhile, republicans are standing by a proposal that doesn't include an increase if no deal is reached, we could see a major increase in taxes, and severe spending cuts. >> living in the u.s. month. software company founder john mcafee said sunday that he wants to return to the united states in order to settle down and lead a normal life. the former software designer is currently in guatemala requesting political asylum. >> let me be clear, that i had absolutely nothing to do with the murder of my neighbor. our intent is to return to the u.s. and try to salvage a normal life under the circumstances. >>pam: he is being held in a detention center while he fights a government order that he be returned to belize. a judge has yet to
MSNBC
Dec 11, 2012 10:00am PST
take on what we've just heard from governor snyder and also the current state of the fiscal cliff negotiations in washington is our colleague and friend ruth marcus from "the washington post." columnist for "the washington post." ruth, this whole issue in the midwest, this used to be most likely in the southern states, but this really is moving, and we're seeing a real decline in union household membership about half what it was 40 years ago. it used to be 24%. now it's 11.8%. >> unions are reeling, and the more states that enact measures like this, the more unions will be reeling. their penetration, the private sector is something like 7% of the private sector work force is unionized, and i have to say -- i don't use words like this very often, i thought some of the governor's comments were kind of orwelian to suggest this was a pro-worker move. it's clearly a move that may help businesses, but what a kick in the teeth to autoworkers unions, who as you correctly point d out, gave a lot back to help the auto industry get back on its feet, the notion that we had to do this now with this lame-duck
MSNBC
Dec 11, 2012 9:00am PST
. >> that was speaker of the house john boehner making remarks on the status of the fiscal cliff negotiations. jim, not giving us a ton to chew on there other than talking about a sea of red i think as far as the eye can see and the lack of seriousness. >> sharp ability to cut to the real matter. i think people are scratching their head at why we just had to watch that. >> you never know. there has been silence, right? there has been silence for the last two days, so perhaps, as david corn suggested to me earlier in makeup, this is boehner's bid to get some air time. >> yes. >> i think the story is pretty simple. the republicans are going to keep saying that every single day, and the president is going to keep saying raise taxes every single day until behind the scenes the two of them get a deal. i am still an optimist that they will get a deal. i think it's manifestly in both of their self interests. i don't think the president's hand is as strong as he thinks it is, and i think boehner has much more incentive than he leads on to figure out a way to get a deal to avert this. neither of these men
CNBC
Dec 11, 2012 9:00am EST
leader during the fiscal cliff negotiations. and then we were joined by bob corker and bob conrad. corker said we need to focus more on entitlements now, and he will not sign any package that doesn't deal with entitlements at this point. conrad said more, not less, should be included in some sort of a big deal. by big deal, he means over $4 trillion. we are now just 20 days away from the fiscal cliff deadline. we continue to bring both sides of the aisle to sit down together. congressman sander levin is a ranking member of the house ways and means committee. and a republican from new jersey, the vice chairman of the house budget committee and a member of the house financial services committee. gentlemen, thank you both for being here. >> thank you. >> we just sat down with senators conrad and corker. they seem to agree on a lot of areas. one of those areas is they think we need to negotiate up from this point, not down from this point and cut some sort of a deal that is 4 trillion or greater when you add up the tax increases. congressman levin, would you agree with that, going up not down
CNN
Dec 11, 2012 1:00pm PST
. >> to all of why you negotiators negotiating on this so-called fiscal cliff and stuff, keep your hands off medicare and keep your hands off medicaid. >> we're not budging on medicare and we're not budging on medicaid. >> on taxes, a democratic source tells cnn they also won't budge on raising tax rates for families making $250,000 or more but could ultimately accept something short of the 39.6% tax rate democrats campaigned on. still, the senate's top democrat wasps mystic about a deal in the next 14 days. >> i think it's going to be extremely difficult to get it done before christmas. >> reporter: now, wolf, part of that pessimism could be coming from the fact that i'm told that these talks are slow-going, that they haven't even started talking about the nitty gritty, how much to cut in medicare, how much to raise in taxes. because the first thing they want to do, processwise, is get top line numbers for spending cuts and also for those tax increases. and that's no small thing, as you know. just on the tax side, for example, republicans have proposed $800 billion in new tax reve
MSNBC
Dec 11, 2012 6:00am PST
central bank buys up billions of dollars worth of treasuries. fiscal negotiations are also weighing on the markets. friends at cnbc did a survey and they put the chance of another recession at 2013 in about one in three partly because of the fiscal cliff. >>> well, everyone plays the blame game in washington. up next, a deep dive with a pair of process pros who are getting a lot of buzz for their finger pointing. i thought i'd start the video by showing you the apartment building where the fire was. when things like this happen, i think you find a new perspective on life. red cross put us in a hotel so we were able to stay together. we're strong and if we overcame that or if we can overcome that... we can overcome anything. [ sniffles ] ♪ [ male announcer ] the way it moves. the way it cleans. everything about the oral-b power brush is simply revolutionary. oral-b power brushes oscillate, rotate and even pulsate to gently loosen and break up that sticky plaque with more brush movements than manual brushes and even up to 50% more than leading sonic technology brushes for a superior clean. oral-b power brushes. go to oralb.com for the latest offers. >>> telling both sides of the story is typically considered a key part of the political journali
ABC
Dec 11, 2012 1:40am PST
john boehner that had speculations swirling as the fiscal cliff deadline draws near. the very latest from washington. hi, karen. >> good morning, rob, good morning, paula. aides to president and john boehner say they're not going to do the fiscal cliff negotiation through the media and they're doing a really good job on trying to keep a tight lid on how the negotiations are going. outside detroit, president obama issued a warning of what may happen if middle class tax rates go up. if the nation heads over the fiscal cliff. >> consumer spending will go down. that means you've got less customers. businesses get fewer profits. they hire fewer workers. you go on a downward spiral. >> reporter: the president met with house speaker john boehner at the white house. their face-to-face meeting in three weeks. neither side would offer any details from the discussion, which may be a good sign of modest progress. but a spokesman for the republican leader said boehner did not back down. his offer to the white house last week is still the gop's position in the fiscal cliff talks. that plan offers a total of $2.2 trillion in deficit reduction over the next decade, including $800 billion in new tax revenue, but no increases on the top 2% of taxpayers. that's where the
ABC
Dec 11, 2012 7:00am PST
love so much. twins talking to each other. lost a sock, he says. what do you think of the fiscal cliff negotiations? he was asked. i think they'll work everything out in time for christmas. 76 million hits later. take a look at these two. >> love the cowlick. >> my pacifier. >> my pacifier. >> that's a fun game. >> aw. >> i mean, that is hours of entertainment. i mean, it really is. and remember them? this is the dad who strummed his guitar for his kids. [ laughter ] i had so many people ask us if this was cgi. unmanipulated video. it is pure here. "play of the day." i love these. i love all of you. you can vote for your favorite "play of the day," right now on goodmorningamerica.com on yahoo! the winners will be revealed next week. we'll have more on "gma" live and on yahoo! >>> coming up, inhaling your food. what could go wrong? there's a new ladies' man in town, and he knows to shop at walgreens during the holidays. we have great gifts at great prices, online and in the store. so you're sure to find something for that special someone -- even if you have several special someones. shop walgreens for g
FOX Business
Dec 11, 2012 9:20am EST
cliff negotiations. the markets are up. apple has become a day trader's stock. on "varney and company" we never get into stuff like support levels. that is what is happening with apple right now. it is up $13 all over the place. limited brands paid the three dollar, one time dividend. this is the company -- paying a record penalty of $1.9 billion in a money-laundering case, failing to maintain effective anti money-laundering program. watch out, 90 seconds is all you got to wait for the judge back on a ruling on north carolina. i need to rethink the core of my portfolio. what i really need is sleep. introducing the ishares core, building blocks for the hearof yr portfolio. find out why 9 out of 10 large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes vestment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. look this isn't my firschristmas. these deals all seem great at the time... but later... [ shirt ] merry christmas, every
CNN
Dec 11, 2012 11:00am PST
him not to make cuts to medicaid in the fiscal cliff negotiations. one expressed dismay today at the climate of secrecy surrounding the talks. listen if you would to senator jay rockefeller of west virginia. >> i get nervous when two people disappear into a white house room and start making a grand alliance and they think, well, we're going to do this to the rich and that to the poor, so we'll make that a trade-off. and like tom harkin says, that is unmoral. you cannot do it. >> so for now, let's just say no budget deal come the first of the year. you know what happens. income taxes go up, and under terms of the debt agreement reached last year, government spending would slow. this is the so-called fiscal cliff. now, it is clear what higher taxes would do. but what about budget cuts? who would that affect? a lot of folks including several million unemployed workers. watch this story with me from cnn's kyung lah. >> reporter: she doesn't call it a fiscal cliff. what she could be facing at year's end is a financial free fall. >> i don't know. i just wish i wasn't in this situation, but
KRON
Dec 11, 2012 4:00am PST
demanding that congress opposes cuts to medicare and medicaid benefits during the fiscal cliff negotiations. those who attended last night's rally at the civic center held sizes that no more tax cuts for the rich save medicare and medicaid benefits. their rally fighting foreclosures to keep senior citizens and people with disabilities and their homes will be held today outside wells fargo bank on grand street in san francisco. in the obama administration says states must commit to full expanding their medicaid programs in order to take advantage of generous funding in the federal health-care law. monday's ruling affects the federal-state program that covers nearly 60 million low-income and severely disabled people. under the law the federal government will cover 100 percent of the cost of three years of expansion. expansion scheduled for 2014 is expected to provide coverage to about half the 30 million uninsured people who benefit from the law. >> a to a policy meeting on the federal reserve begins today and it appears the fed will continue moving forward with programs to stimulate the economy. th
Current
Dec 10, 2012 5:00pm PST
budget battles and neither you nor i buy into this myth, they call it a fiscal cliff. what is the negotiating strategy for president. >> i think the facts on the so-called fiscal cliff are that if we go past january 1st without an agreement and then never do anything than the array of consequences is that the office has predicted that will begin to kick in. if you have a deal that concludes on january 31st, for instance, you can make the taxes retroactive so that people are protected. the regular middle class votes are protected and if that's what it takes to get a deal that actually protects the middle class, it is worth waiting for and it is worth fighting for. because if there is a stampede about the so-called fiscal cliff, and there is a reason, if as a result of that stampede the republicans are able to put protection of the super wealthy attacks on medicare and social security back into the equation, we will not have achieved the goal that this election put before us, which is it's time to protect the middle class. the high rollers and special froms have had it good for long enough. >> eliot: th
CSPAN
Dec 11, 2012 12:00pm EST
heard the conversation over the spending cuts and the fiscal cliff negotiations. two questions on that. does that suggest there is an instance we are no longer talking about tax cuts or tax increases? and where is the administration? i know you guys have argued a lot of details on spending cuts, but are you prepared to offer more? do they have a letter from ceos urging spending cuts and entitlement reforms and so forth be multiple and is the white house prepared to do more on that? >> let me take your questions in relative order. first of all, i did hear what the speaker of the house had to say. and i would note if there is one fact that should not be in dispute it ought to be this the president, unlike any other party to these negotiations, has put forth detailed spending cuts, as well as detailed revenue proposals. it is a simple fact that the president put those four would to the not so super super committee in september 2011, and that he, again, in the process of these negotiations, put them forward as his position when it came to both the revenue that was required to achieve
Current
Dec 11, 2012 3:00am PST
the capital. sounds like he will get a deal with the fiscal cliff. that he can go to his base and say here's what i got you. so it sounds like he's going to come out of this latest negotiation strong and so he's going to be able to use that, as you say, use that capital. use that clout to try to get something done and it's very encouraging. you have lindsey graham from south carolina who now probably isn't going to face a primary challenge. because of the demint seat now. working with senator schumer from new york, trying to work this out so if there's any positive repercussions from the demint thing is the fact that lindsey graham might now be more likely to work with schumer graham one of the leaders on this issue and work with the democrats in general to try to get something done. it failed -- the talks failed in 2011. this is another shot. >> bill: well, you know, it is -- it is time for this issue. way pastime. way pastime for this issue. >> use the presidential bully pulpit to get this done. the question is what exactly is the tactic? is he going to send a bill to congress? is he going to take a backseat like he did with health reform? i think the white house learned some le
CSPAN
Dec 11, 2012 5:00pm EST
-- proposal for resolving the fiscal cliff. does the left believe that this debate will be solved through internal negotiations between the parties or through outside pressure being brought to bear from the general public? >> well, it's our position that this is one of those issues that is very important to the american public, an issue that affects everyone, and one where it's absolutely appropriate for the president and for the -- for members of congress to engage with the public on and seek their opinions and encourage members of the public to participate by adding their voices to the debate. i think -- we were talking about this i think a week -- the week before last in anticipation of a trip the president was going to make and you know, to me, i think it makes all the sense in the world for leaders in washington to go out in the country and engage the american people on these incredibly important issues. we saw that this was the subject of sustained debate during the campaign and i think that reflected the assessment of both the candidates and their campaigns that this was of great interest to the american people
MSNBC
Dec 11, 2012 11:00am PST
. >> thank you. >>> today negotiations to prevent going over the fiscal cliff, our nbc news first read team writes it this way, while there's some optimism that president obama and house speaker boehner can strike a deal, it's important to point out how fragile any deal would likely be. joining me now, nbc news deputy political editor do min coe montenaro. >> you mind up punting to other deadlines, you could wind up with another deadline, another in february, something like that. that's -- that could be what they wind up doing and these are a lot of things always on the table, a lot of these kinds of options but we'll wait and see. i was curious to see john boehner's tone and wasn't try gent. he wasn't saying there's a deal but he wasn't saying, you know, we're nowhere. like he had been saying before. >> when you assert the spth not serious, that is not, hey, we're working on something here. unless you can read in to that something different. >> if you follow the logic saying you're not sere youz because there aren't specific cuts then if there are then it holds that he is being s
FOX News
Dec 11, 2012 3:00am PST
? why go there? with so much going on, the fiscal cliff, negotiating back and forth with the house trying to figure out how to avoid massive tax increases and spending cuts, why there? it's all politics. >> steve: one other note, the "wall street journal" says regarding right to work states, between 2000 and 2010, 5 million people moved from union states to right to work states and they have 23% higher rate of income growth per capita in right to work states. so things are thriving in the right to work states. there are 24 of them. 26 still are union states. >> gretchen: eric brought up an interesting point about why isn't the president staying in washington, because now it turns out that the fiscal cliff is actually closer than we thought. it was not coakley january 1 anymore. we've about to go off it any day now because apparently it takes a certain amount of days to actually draft any kind of legislation that they might come to an agreement on and so if you backtrack then from the end of the year and when congress is going to be going home for christmas and other holidays, then
CSPAN
Dec 11, 2012 1:00am EST
sperling would be joining us after this discussion. he was in the midst of the fiscal cliff negotiations, so hopefully he will tell us how he is protecting these important investments. >> next, a conversation about spurring investment in the marketplace. this is hosted by the center for american progress. this is 55 minutes. >> that is a really tough act to follow. >> for sure. >> we have a challenge. i am al hunt. i am delighted to be here. let me tell you one quick story about our host. when i met neera when she was policy director for hillary clinton and barack obama, i did a column or i refer to her as the sugary ray robinson. he was a pound for pound the greatest boxers. she was the sugar ray robinson of policy record. everytime i see here i say "hi, sugar." >> i was wondering why you said that. >> well, when my younger reporters heard this and it to a colleague "it is just a different generation." i am sorry, sugar. >> well -- andwhat i'm glad you explained that. >> it is terrific to be here. what a great panel. glenn hutchins is the founder of silver lake. he is a tremendous asset at
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